WESTHOVENS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
WESTHOVENS
Largest movements
- Receivables after one year +€240,000
up €240,000 (+160%), from €150,000 to €390,000
- Cash -€34,549
down €34,549 (-98.6%), from €35,047 to €498
mainly Receivables after one year (-€240,000) and Investment in fixed assets (net) (-€89,000)
- Receivables within one year -€31,842
down €31,842 (-10.1%), from €316,370 to €284,528
of which Trade receivables: -€19,843
- Tangible fixed assets +€12,092
up €12,092 (+5.1%), from €234,931 to €247,022
of which Plant, machinery and equipment: +€25,823
- Current portion of long-term debt +€70,978
up €70,978 (+772%), from €9,193 to €80,171
- Profit (loss) carried forward +€51,090
up €51,090 (+9.6%), from €534,195 to €585,285
- Tax, wage and social debts +€39,740
up €39,740 (+253%), from €15,681 to €55,420
of which Taxes: +€39,540
- Short-term financial debts +€31,716
new in 2024: €31,716
- Reserves +€25,600
up €25,600 (+79.1%), from €32,363 to €57,963
of which Tax-exempt reserves: +€25,600
- Other operating charges -€65,609
down €65,609 (-87.1%), from €75,290 to €9,680
- Gross operating margin -€43,431
down €43,431 (-19.9%), from €218,717 to €175,286
- Depreciation -€18,632
down €18,632 (-19.5%), from €95,541 to €76,908
- Financial income +€3,673
up €3,673 (+54.2%), from €6,776 to €10,449
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,178 | €948,878 | +€185,701 | +24.3% |
| Fixed assets | 21/28 | €234,956 | €247,047 | +€12,092 | +5.1% |
| Tangible fixed assets | 22/27 | €234,931 | €247,022 | +€12,092 | +5.1% |
| Plant, machinery and equipment | 23 | €212,836 | €238,659 | +€25,823 | +12.1% |
| Furniture and vehicles | 24 | €22,094 | €8,363 | -€13,731 | -62.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €528,222 | €701,831 | +€173,609 | +32.9% |
| Amounts receivable after more than one year | 29 | €150,000 | €390,000 | +€240,000 | +160% |
| Other amounts receivable | 291 | €150,000 | €390,000 | +€240,000 | +160% |
| Stocks and contracts in progress | 3 | €26,805 | €26,805 | = | 0.0% |
| Stocks | 30/36 | €26,805 | €26,805 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €316,370 | €284,528 | -€31,842 | -10.1% |
| Trade receivables | 40 | €156,528 | €136,685 | -€19,843 | -12.7% |
| Other amounts receivable | 41 | €159,842 | €147,842 | -€11,999 | -7.5% |
| Cash at bank and in hand | 54/58 | €35,047 | €498 | -€34,549 | -98.6% |
| Total equity and liabilities | 10/49 | €763,178 | €948,878 | +€185,701 | +24.3% |
| Equity | 10/15 | €586,558 | €663,247 | +€76,690 | +13.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,363 | €57,963 | +€25,600 | +79.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,363 | €55,963 | +€25,600 | +84.3% |
| Profit (loss) carried forward | 14 | €534,195 | €585,285 | +€51,090 | +9.6% |
| Provisions and deferred taxes | 16 | - | €6,400 | +€6,400 | |
| Deferred taxes | 168 | - | €6,400 | +€6,400 | |
| Amounts payable | 17/49 | €176,620 | €279,231 | +€102,611 | +58.1% |
| Amounts payable within one year | 42/48 | €176,620 | €279,231 | +€102,611 | +58.1% |
| Current portion of amounts payable after more than one year | 42 | €9,193 | €80,171 | +€70,978 | +772% |
| Financial debts | 43 | - | €31,716 | +€31,716 | |
| Credit institutions | 430/8 | - | €31,716 | +€31,716 | |
| Trade debts | 44 | €125,246 | €103,659 | -€21,587 | -17.2% |
| Suppliers | 440/4 | €125,246 | €103,659 | -€21,587 | -17.2% |
| Taxes, remuneration and social security | 45 | €15,681 | €55,420 | +€39,740 | +253% |
| Taxes | 450/3 | €15,681 | €55,220 | +€39,540 | +252% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €26,500 | €8,265 | -€18,235 | -68.8% |
| Non-recurring operating income | 76A | - | €40,000 | +€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,541 | €76,908 | -€18,632 | -19.5% |
| Other operating charges | 640/8 | €75,290 | €9,680 | -€65,609 | -87.1% |
| Gross operating margin | 9900 | €218,717 | €175,286 | -€43,431 | -19.9% |
| Operating profit (loss) | 9901 | €47,886 | €88,697 | +€40,811 | +85.2% |
| Financial income | 75/76B | €6,776 | €10,449 | +€3,673 | +54.2% |
| Recurring financial income | 75 | €6,776 | €10,449 | +€3,673 | +54.2% |
| Financial charges | 65/66B | €2,940 | €1,016 | -€1,924 | -65.4% |
| Recurring financial charges | 65 | €2,940 | €1,016 | -€1,924 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €51,722 | €98,130 | +€46,408 | +89.7% |
| Transfer from deferred taxes | 780 | - | €1,600 | +€1,600 | |
| Transfer to deferred taxes | 680 | - | €8,000 | +€8,000 | |
| Income taxes | 67/77 | €15,681 | €15,040 | -€640 | -4.1% |
| Profit (loss) for the period | 9904 | €36,042 | €76,690 | +€40,648 | +113% |
| Transfer from tax-exempt reserves | 789 | - | €6,400 | +€6,400 | |
| Transfer to tax-exempt reserves | 689 | - | €32,000 | +€32,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,042 | €51,090 | +€15,048 | +41.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.